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Apple Joins the 4 Comma Club , , , ,

August 3, 2018

 

That is right...Apple is now worth one TRILLION dollars as of yesterday (again).  

 

Let's take a quick trip down memory lane to see how they got there...

 

1976: Steve Jobs and Steve Wozniak (alongside a guy named Ronald Wayne) found the company. Their first product: the Apple I computer, built by Wozniak.

 

1984: Apple launches the Macintosh personal computer. And if you were watching Super Bowl XVIII, you would have seen an iconic commercial introducing the product.

 

1985: There's a power struggle between Jobs and CEO John Sculley. Steve Jobs resigns and founds hardware and software maker NeXT.

 

1997: Apple buys NeXT and brings back Steve Jobs, who becomes interim CEO. Jobs later said the company was 90 days from going bankrupt then (it was worth less than $3 billion in 1996).

 

1998: This is where things get fun. Apple releases the colorful iMac computer, designed by the legendary Jony Ive.

 

2001: Well, hello iPod. And hello first Apple stores in Virginia and California.

 

2007: Up until this year, there was no such thing as an iPhone. Then, Steve Jobs takes the stage at the Macworld Expo, gives this presentation, and ushers in the smartphone era. Apple is worth $73.4 billion.

 

2011: Steve Jobs dies after a battle with pancreatic cancer. He is succeeded by the current CEO, Tim Cook. Apple also passes ExxonMobil as the world's most valuable public company.

 

2018: As global demand for smartphones peaks, Apple looks for other revenue sources to maintain growth. Services (Apple Music, App Store, Apple Pay, etc.)...it's your turn in the spotlight.

 

The countdown to a $1 quadrillion market cap is ON!

 

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